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BiyaPay analyst: interest rate cuts and triple resonance ignite the market, currency stocks are linked up

Source: BlockBeats
According to BlockBeats, on September 19, on the first trading day after the Federal Reserve cut interest rates, cryptocurrencies and related stocks rose simultaneously, and Bitcoin broke through the $117,000 mark, with an increase of 26% this year. Meanwhile, the newly listed $Bullish (BLSH.US)$'s share price soared more than 20%, $Coinbase (COIN.US)$ rose 7%, and Bitcoin mining company $CleanSpark (CLSK.US)$ soared nearly 18%. Analysts believe that behind this round of rise is the triple resonance effect of interest rate cuts and "US regulatory release + rising treasury model + eye-catching financial report data". The U.S. Securities and Exchange Commission (SEC) recently approved the adoption of general listing standards for the three major exchanges, and the ETF approval cycle has been shortened from 240 days to 75 days. The market generally expects that crypto spot ETFs such as Solana and XRP will be rapidly implemented in the next few months, which will further promote institutional funds to flow into the digital asset field. At the same time, well-known investor "Mistress Mu" joined hands with UAE Capital to inject US$300 million into Nasdaq, transforming it into a treasury company that specializes in holding Solana tokens, igniting market enthusiasm. The newly listed Bullish turned losses into profits after being approved for New York BitLicense, showing the growth potential of the crypto trading platform. Against this macro and policy background, BiyaPay provides users with 0 handling fees for spot and contract trading services, and supports USDT to directly buy and sell US stocks and Hong Kong stocks, allowing investors to efficiently participate in this "coin and stocks rise" market. Whether it is configuring core digital assets such as Bitcoin and Ethereum, or capturing the volatility opportunities of related stocks such as Coinbase and mining companies, BiyaPay can provide users with flexible trading tools and market channels.
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